Agadir Agreement Countries

The Agadir Agreement, which is in line with the spirit of the Barcelona Process (European Union), is one of the regional preferential trade agreements of the pan-European-Mediterranean system. One of the important features of the Agadir agreement is that it uses EU rules of origin. These are contrary to US rules of origin, which make it more difficult for Mediterranean and Middle Eastern countries to apply both in their trade relations with the two competing power blocs. The EU allows its Mediterranean partners to accumulate added value. This means that it turns a blind eye to where the value added was added for preferential tariff purposes as long as it was in an FTA partner country. The United States takes into account only the domestic value added of the country exporting to the United States, outside the special regimes that apply to export processing zones. . . .